Net Income Per Limited Partner Unit (Tables)

9 Months Ended

Sep. 30, 2018

Net Income Per Limited Partner Unit

Schedule of net income per common and subordinated unit

The Partnership’s calculation of net income per limited partner unit for the periods indicated is as follows (in thousands, except per unit data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2018		2017		2018
Net income	$	80,893		119,764	$	243,160		337,335
Less:
Net income attributable to incentive distribution rights		(19,067)		(37,816)		(45,948)		(99,414)
Limited partner interest in net income	$	61,826		81,948	$	197,212		237,921
Net income per limited partner unit–basic and diluted	$	0.33		0.44	$	1.06		1.27
Weighted average limited partner units outstanding–basic		186,581		187,044		185,240		186,999
Weighted average limited partner units outstanding–diluted		187,145		187,502		185,728		187,342